NEW YORK (CBSNewYork/AP) — He’s going to get his chance to turn this thing around.

Terry Collins has completed his contract extension with the New York Mets. The manager gets a two-year deal with a club option for 2016.

The Mets announced the move Monday, one day after finishing 74-88 for their fifth consecutive losing season since moving into Citi Field. Collins’ contract was set to expire after the season, his third in charge of the Mets, but it became increasingly clear late in the year that he likely would return.

The 64-year-old Collins is 225-261 as manager of the rebuilding Mets. Fielding an inexperienced lineup depleted by injuries and trades, he kept New York competitive down the stretch without most of his top players.

The Mets say Collins’ entire coaching staff also will be back next year.